{"id":2887,"date":"2022-06-23T10:07:48","date_gmt":"2022-06-23T10:07:48","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/here-is-what-we-have-been-buying-over-the-last-12-months\/"},"modified":"2022-06-23T10:07:48","modified_gmt":"2022-06-23T10:07:48","slug":"here-is-what-we-have-been-buying-over-the-last-12-months","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/here-is-what-we-have-been-buying-over-the-last-12-months\/","title":{"rendered":"Here is what we have been buying over the last 12 months"},"content":{"rendered":"

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Key takeaways<\/p>\n

The Melbourne property market has performed a little over 7% growth in the past 12 months.<\/p>\n

The Sydney market performed strongly with almost 13% growth over the last year.<\/p>\n<\/div>\n<\/div>\n

What an incredible 12 months for our property markets around the country<\/a>!<\/p>\n

Amazingly, you could have purchased a property anywhere a year ago and you would have made money.<\/p>\n

On the surface every property looks good in a rising market, but how well have you really done?<\/p>\n

This is something we work with our clients to understand on an annual basis with a Property Portfolio review.<\/p>\n

These annual reviews encompass many things – finance, interest rates, and rent, but most importantly how the property has performed.<\/p>\n

Perhaps the biggest thing that blew us away this year during the reviews, was the level of growth our clients have received when compared to the averages.<\/p>\n

I thought I would take this opportunity to show you what we have been buying and the above average, wealth-producing rates of return<\/strong> our clients have been receiving.<\/p>\n

The Averages<\/span><\/h2>\n

When assessing the performance of your assets, it is important to have a benchmark to compare them to.<\/p>\n

As recent figures highlight, it has been Brisbane<\/a> that has led the way over the last year, closely followed by Adelaide and then Sydney<\/a>, Melbourne<\/a>, and Perth.<\/p>\n

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As Property Strategists<\/a>, we never try to predict what will happen to our markets over any period of time.<\/p>\n

What we can advise though, are the areas that will perform better in the good times and hold their own in the downturns.\u00a0<\/strong><\/p>\n

Just like there is not one Australian Property Market, I would also argue that there is not one Brisbane real estate market<\/a> or one Sydney housing market<\/a>.<\/p>\n

As Property Strategists our job is to find the best suburbs and then the best pockets and streets within those suburbs.<\/p>\n

To highlight this point, here are some of the great properties we have purchased for our clients this year.\u00a0<\/strong><\/p>\n

Melbourne<\/span><\/h2>\n

The Melbourne property market<\/a> has not performed as strongly as other areas, with a little over 7% growth in the past 12 months.<\/p>\n

But by applying our strict investment-grade fundamentals, we were able to far exceed the benchmark.<\/p>\n

We secured an amazing townhouse in the gentrifying suburb of Bentleigh East, that performed significantly better than the averages.<\/p>\n

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We very rarely buy brand new properties, but in this case, we were able to find a unique off-market opportunity where we were able to avoid unnecessary commissions and kickbacks.<\/p>\n

The property has been architecturally designed, with quality finishes, and is in the highly desirable Mackinnon School catchment zone.<\/p>\n

The property was purchased 12 months earlier for $1.4 million and 12 months later was revalued at $1.625 million, an increase of 16%<\/strong> which was more than double the Melbourne average.<\/p>\n

Sydney<\/span><\/h2>\n

The Sydney market performed strongly with almost 13% growth over the last year.<\/p>\n

Home Buyers would also understand that it was incredibly difficult to get anything near perfect for under the $1 million mark.<\/p>\n

Our Sydney team managed to find this amazing apartment in Randwick, off-market – really pre-market prior to an upcoming auction campaign.<\/p>\n

\"03\"<\/p>\n

These older-style blocks are in smaller complexes and have much larger living spaces making them highly sought after.<\/p>\n

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The property also has amazing walkability to the new light rail, Coogee Beach, the Uni, and Hospital, with a great school catchment.<\/p>\n

We thought it was a great buy last year for $950,000 and with a 21% increase,<\/strong> it is an even better buy now being revalued at $1.15 million.<\/p>\n

Needless to say, our Home Buyer clients were very happy<\/a>!<\/p>\n

Brisbane<\/span><\/h2>\n

There is no doubt that the Brisbane market has been the hottest market around the country with almost 30% growth.<\/p>\n

By only selecting A grade locations and the best streets, once again, we were able to outperform that average substantially.<\/p>\n

A great example of this was a house purchase for our client in Tarragindi last year for $743,000.<\/p>\n

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Another off-market purchase by the team less than 6km from the Brisbane CBD was purchased at the same as a block of land in a nearby street.<\/p>\n

Fast forward to our client review and they now have a value of $1.05 million, an astonishing 41% growth<\/strong> in only 12 months.<\/p>\n

11% growth may not sound huge, but this additional amount was the difference in allowing our client to refinance and buy again.<\/p>\n

This has been a common theme for many house buyers this year, but it doesn\u2019t stop there.<\/p>\n

Brisbane townhouse purchase<\/span><\/h2>\n

Our townhouse buyers also saw the market take off recently to achieve some amazing results.<\/p>\n

This 3-bedroom Townhouse is Camp Hill, sitting at 300sqm saw 46% growth<\/strong> over the last 18 months.<\/p>\n

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Brisbane properties with development potential<\/span><\/h2>\n

By far the best result we have seen for our clients in Brisbane is for those that have purchased a property with the potential to develop.<\/p>\n

This property in Mount Gravatt, just 10km from Brisbane was purchased for $761,000 last year and today it was revalued at $1.125 after a nearby sale.<\/p>\n

At 48% growth<\/strong>, that is fast approaching a 50% gain with a little more market movement over the last 12 months.<\/p>\n

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In Summary<\/span><\/h2>\n

How has your property performed over the last 12 months?<\/p>\n

It is important to review your property’s performance on a regular basis.<\/p>\n

Benchmarking against the average for your location can be a great starting point.<\/p>\n

Ensuring you are achieving above-average results will allow you to get into your next property faster and grow your wealth faster.<\/p>\n

Some investors make the mistake of thinking their property is not costing them anything despite very low growth – with the rent covering the mortgage they claim:<\/p>\n

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\u201cAt least it’s not costing me anything\u201d.<\/em><\/p>\n<\/blockquote>\n

In reality, the opportunity costs could be hundreds of thousands of dollars.<\/p>\n

Do you have a proven<\/strong> system, framework, and strategy to achieve above average rates of return, or prefer to take a guesswork approach?<\/p>\n